In GFEBS, what term is used for the aggregated cost data from bottom-up planning?

The term used for the aggregated cost data from bottom-up planning in GFEBS is "Cost rollup." This process is essential for providing a comprehensive overview of costs associated with a project by accumulating detailed estimates and inputs from various levels of project activities and categories.

Cost rollup gathers and consolidates the individual cost elements, which can include labor, materials, and overhead, allowing project managers to see the total projected costs and assess budget allocations effectively. This method aids in ensuring that all costs are accounted for and facilitates informed decision-making regarding budget management and fiscal responsibility throughout the project lifecycle.

In contrast, the other terms have specific functions within the project management framework but do not directly refer to the aggregation of costs from a detailed planning perspective. Project Definition pertains to outlining the project's goals and structure rather than aggregating costs. Forecast analysis deals with predicting future costs and revenues based on existing data rather than summing up detailed costs. Budget formulation refers to the process of creating a budget based on various estimates and financial plans rather than the aggregation of specific cost data from planning activities.